Tax Depreciation Specialists since 1993
New to Tax Depreciation? -Read this first.
Dear investment Property owner,
If you’re reading this, you probably need a tax depreciation report. If you already have an investment property & don’t have a tax Depreciation Report, you are LOSING MONEY!
The Good news: You can recoup this LOST money with a retrospective tax depreciation report.
Since 1993 we have provided over 11,150 clients with high quality tax depreciation reports throughout Australia.
Together, these clients have saved hundreds of Millions in unnecessary tax! Most importantly, our goal is to help you stop the flow of lost money, -not so we can make a quick buck.
Of you are a switched on Investor, you’ll already know that you want to work with experts, not amateurs. That’s why when you work with us you only ever work with a Qualified Quantity Surveyor. -no call centres in the Philippines for us!
Being a Savvy property investor is not about what or where you buy, it’s about what you do with what you’ve got.
The Tax Depreciation industry offers everything from cheap-as-chips DIY reports, to the very expensive. So it can be confusing.
You want to cut through the BS and get straight to the good guys. The only companies you should bother looking at the ones charging in the top 20% for the industry price range and you’ll know you’re getting good value.
Obtaining a tax depreciation report is like plugging a hole in a leaky bucket. Though this time the leaky bucket is your savings bucket. A tax depreciation report is an Investment in cutting waste.
How well you plug that hole is up to you! Some Investors go with the quick fix. Others try to have it both ways. While the savviest of investors go with the $600+ reports.
Why don’t savvy Investors go with cheap reports? 1. They’ve been burnt before. 2. They don’t have time to run around completing a cheap DIY report.
Why don’t savvy Investors choose middle-of-the-road reports? They know saving a quick $50 or even $150 on a report will probably cost them many THOUSANDS in lost tax savings.
Savvy Property Investors only go to the best Tax Depreciation providers -like us!
Important Update: Read This before you go on! The ATO Recently changed the tax depreciation legislation -but not every Investor was treated equally. We know all the new rules and can help you navigate through the new changes to ensure maximum deductions are still achieved.
3 Need-to-know Facts:
- -Our fee is 100% tax deductible-just like your accountants fee.
- -You only buy a report once -it will last 40 years.
- -This report CANNOT be completed by anyone other than a qualified Quantity Surveyor -that’s in ATO legislation.
We are fussy about getting your report right the 1st time. That’s why we ask a couple more questions than our competitors. Honestly, if the others aren’t asking you these questions, you should be worried.
Your time is valuable! Our form is a little longer than most but will save you lots of time down the track. No back and forth. No need for changes after completion. A report done right the first time!
You’re looking for advice and insight not just a quick quote. I’ve tried to fill this site with an abundance of information, case studies, customer testimonials and A.T.O. information, to help you make the right decision. Compare that to other sites that just pump you for your contact details then keep harassing you Day in day out till you finally say yes or GO AWAY!
You want to deal with real people not robots and not some call centre in the Philippines.
When you ‘REQUEST A QUOTE’ from me you’ll get a personal response directly from me, William Callaghan, a real life human who happens to be a fully qualified Quantity Surveyor. And, you’ll get my direct email address, so if you have additional questions just get in touch. I’m here to help!
Founder | Head Honcho
Now, What is a tax depreciation schedule?
A tax depreciation report which schedules out the value of all the depreciable items within & around your investment property. Including Common items if in a complex.
The ATO allows investment property owners to claim for the wear and tear on these items each financial year. This can create significant reductions to your income tax payable resulting in handy cash flow for you.
NOTE: There have been recent changes to what can & can’t be claimed so be sure to speak with us to find out how YOU are effected. But for an instant answer download our ‘changes to legislation’ Flow Chart here.
Why do I need a Quantity Surveyor?
The ATO has assigned each and every depreciable item in your investment property a life. For example, an oven has a life of 12 years, which means a brand new oven can be included in your tax depreciation schedule every year for 12 years. What the ATO can’t say is what the item is worth – this is where we come in.
Under TR97/25, the ATO has authorised quantity surveyors to inspect and assess each item and give them a value. As there is possibility of overvaluing items, the ATO decided quantity surveyors had to be registered tax agents with the Tax Practitioners Board (TPB). In doing so, all TPB-registered quantity surveyors are bound by the TPB and ATO legislation and therefore must not provide false or misleading information on the depreciation schedule.
We are legally responsible for the information provided and therefore are diligent in providing accurate information.
How does Tax Depreciation work?
Depreciable items are broken into two categories: Capital Items, and Plant & Equipment.
Capital items are “fixed items” which include:
- The building and other structures on the lot
- Paving, etc
These items are generally depreciable at 2.5% per annum for the life of the item (40 years).
Plant and equipment are “loose” items, including:
- Kitchen appliances
- Floor coverings
- Window dressings, etc
Each item has a life as set by the ATO and fall into one of three categories:
- Items less than $300 in value and claimable at 100%
- Items between $301-$1000 and claimable at 37.5%
- Items greater than $1000 and claimable at a specific percentage each year
For Property Investors who need a Tax Depreciation Report
-Get your Quote straight in your inbox (usually under 2.5 hrs) And no upfront Fees!
Why choose WRCQS?
It’s really up to you who you choose to prepare your tax depreciation report, but here are a few reasons why we are pretty good. WRC QS is an Australian-owned and operated family business. We do not come under the umbrella of a larger multinational company. We focus on client satisfaction, which has been the key to our great reputation in the industry. Our high quality, accurate and easy to understand reports at competitive prices have made us the preferred tax depreciation company for many accountants.
The experience we have with tax depreciation schedules in Brisbane, the Sunshine Coast, Tweed Heads, and beyond gives us the in-depth knowledge to minimise your investment property tax.
Feel free to read some of our testimonials from our satisfied clients.
To speak to one of our highly Quantity Surveyors, call our office mobile on 0422 401 509 and we answer any questions you have. Alternatively, you can complete our online form or send us an email. Whether you’re in Brisbane, Mooloolaba, Rochedale or somewhere else, we can help.
For more specific info on your property type click below ⇓